Announcement Date: 2024-05-06
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Wia Gold Limited
Project name: Damaran
Location: Namibia
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Kokoseb is located in the Okombahe exploration licence (EPL 4818), near the town of Okombahe which is situated approximately 220 km from the Namibian capital of Windhoek (Figure 2). The updated Kokoseb MRE is 2.12 Moz at 1.0 g/t gold, at a cut-off grade of 0.5 g/t, including a highergrade component of 1.53 Moz at 1.4 g/t Au using a cut-off grade of 0.8 g/t Au. Table 1 shows the estimates for a range of cut-off grades. Figures 1, 3, 4 and 5 present a perspective view of the block model, the plan view of Kokoseb and two typical cross sections. The MRE gold content represents a 63% increase from the maiden May 2023 MRE at 0.50 g/t cut-off
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